Bloomberg estimates that their overall assets (comprising cash, stocks, and various investments) reached $2.5 trillion as of the market closing on December 24, an increase from $1.9 trillion at the start of this year.
The S&P 500 stock index has gone up almost 18% this year.
The increase in the wealth of technology executives is connected to substantial worldwide investments in artificial intelligence (AI), such as AI chip manufacturing, data center building, and AI product innovation, as reported by the FT.
Elon Musk, the founder of Tesla Inc., leads the ranking of the ten wealthiest tech executives, as his wealth increased by 49% this year, reaching $645 billion. In September, Oracle Corp. founder Larry Ellison momentarily surpassed Musk. At the year's end, Ellison, with a 31% rise in his wealth to $251 billion, is in the fifth position on this list.
Nvidia Corp. founder Jensen Huang is also a winner from the AI surge, with his wealth rising 37% this year to $156 billion. Nvidia's stock has gained 40.5% since the start of the year, positioning it as the first company to surpass a $5 trillion market capitalization. Huang is positioned eighth among the wealthiest leaders in technology.
source: bloomberg.com
The S&P 500 stock index has gone up almost 18% this year.
The increase in the wealth of technology executives is connected to substantial worldwide investments in artificial intelligence (AI), such as AI chip manufacturing, data center building, and AI product innovation, as reported by the FT.
Elon Musk, the founder of Tesla Inc., leads the ranking of the ten wealthiest tech executives, as his wealth increased by 49% this year, reaching $645 billion. In September, Oracle Corp. founder Larry Ellison momentarily surpassed Musk. At the year's end, Ellison, with a 31% rise in his wealth to $251 billion, is in the fifth position on this list.
Nvidia Corp. founder Jensen Huang is also a winner from the AI surge, with his wealth rising 37% this year to $156 billion. Nvidia's stock has gained 40.5% since the start of the year, positioning it as the first company to surpass a $5 trillion market capitalization. Huang is positioned eighth among the wealthiest leaders in technology.
source: bloomberg.com
